GOLDFIRE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GOLDFIRE
Largest movements
- Receivables within one year +€32,655
up €32,655 (+17.6%), from €185,934 to €218,589
of which Trade receivables: +€37,027
- Tangible fixed assets -€14,543
down €14,543 (-49.6%), from €29,325 to €14,782
of which Furniture and vehicles: -€14,311
- Cash -€11,928
down €11,928 (-40.2%), from €29,696 to €17,768
mainly Net result for the year (-€42,587) and Receivables within one year (-€32,655)
- Deferred charges and accrued income +€6,539
up €6,539 (+153.5%), from €4,261 to €10,800
- Profit (loss) carried forward -€42,587
down €42,587 (-9.6%), from -€441,567 to -€484,154
- Tax, wage and social debts +€37,461
up €37,461 (+69.4%), from €53,994 to €91,455
of which Taxes: +€21,039
- Trade debts +€25,225
up €25,225 (+98.5%), from €25,616 to €50,841
- Debts after one year -€4,503
no longer reported in 2025 (was €4,503)
- Staff costs -€36,856
down €36,856 (-13.9%), from €265,932 to €229,075
- Gross operating margin +€20,382
up €20,382 (+10.8%), from €189,054 to €209,436
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,428 | €402,191 | +€12,762 | +3.3% |
| Fixed assets | 21/28 | €29,465 | €14,922 | -€14,543 | -49.4% |
| Tangible fixed assets | 22/27 | €29,325 | €14,782 | -€14,543 | -49.6% |
| Furniture and vehicles | 24 | €29,093 | €14,782 | -€14,311 | -49.2% |
| Other tangible fixed assets | 26 | €232 | - | -€232 | |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €359,964 | €387,269 | +€27,305 | +7.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €34,252 | €34,252 | = | 0.0% |
| Stocks | 30/36 | €34,252 | €34,252 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €185,934 | €218,589 | +€32,655 | +17.6% |
| Trade receivables | 40 | €180,696 | €217,723 | +€37,027 | +20.5% |
| Other amounts receivable | 41 | €5,238 | €866 | -€4,372 | -83.5% |
| Current investments | 50/53 | €5,821 | €5,860 | +€40 | +0.7% |
| Cash at bank and in hand | 54/58 | €29,696 | €17,768 | -€11,928 | -40.2% |
| Deferred charges and accrued income | 490/1 | €4,261 | €10,800 | +€6,539 | +153.5% |
| Total equity and liabilities | 10/49 | €389,428 | €402,191 | +€12,762 | +3.3% |
| Equity | 10/15 | €297,519 | €254,932 | -€42,587 | -14.3% |
| Contributions | 10/11 | €739,086 | €739,086 | = | 0.0% |
| Capital | 10 | €482,400 | €482,400 | = | 0.0% |
| Issued capital | 100 | €482,400 | €482,400 | = | 0.0% |
| Outside capital | 11 | €256,686 | €256,686 | = | 0.0% |
| Share premium | 1100/10 | €256,686 | €256,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€441,567 | -€484,154 | -€42,587 | -9.6% |
| Amounts payable | 17/49 | €91,909 | €147,259 | +€55,350 | +60.2% |
| Amounts payable after more than one year | 17 | €4,503 | - | -€4,503 | |
| Financial debts | 170/4 | €4,503 | - | -€4,503 | |
| Amounts payable within one year | 42/48 | €87,406 | €147,259 | +€59,853 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €7,551 | €4,503 | -€3,048 | -40.4% |
| Financial debts | 43 | €245 | €459 | +€214 | +87.5% |
| Credit institutions | 430/8 | €245 | €459 | +€214 | +87.5% |
| Trade debts | 44 | €25,616 | €50,841 | +€25,225 | +98.5% |
| Suppliers | 440/4 | €25,616 | €50,841 | +€25,225 | +98.5% |
| Taxes, remuneration and social security | 45 | €53,994 | €91,455 | +€37,461 | +69.4% |
| Taxes | 450/3 | €16,453 | €37,492 | +€21,039 | +127.9% |
| Remuneration and social security | 454/9 | €37,541 | €53,963 | +€16,422 | +43.7% |
| Remuneration, social security and pensions | 62 | €265,932 | €229,075 | -€36,856 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,278 | €14,543 | -€735 | -4.8% |
| Other operating charges | 640/8 | €4,504 | €3,916 | -€588 | -13.1% |
| Gross operating margin | 9900 | €189,054 | €209,436 | +€20,382 | +10.8% |
| Operating profit (loss) | 9901 | -€96,659 | -€38,098 | +€58,561 | +60.6% |
| Financial income | 75/76B | €46 | €51 | +€5 | +10.6% |
| Recurring financial income | 75 | €46 | €51 | +€5 | +10.6% |
| Financial charges | 65/66B | €2,360 | €3,600 | +€1,240 | +52.6% |
| Recurring financial charges | 65 | €2,360 | €3,600 | +€1,240 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | -€98,974 | -€41,648 | +€57,326 | +57.9% |
| Income taxes | 67/77 | €857 | €939 | +€82 | +9.6% |
| Profit (loss) for the period | 9904 | -€99,831 | -€42,587 | +€57,243 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,831 | -€42,587 | +€57,243 | +57.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.